About 1254 Salmon River Highway
This is a fantastic opportunity to own commercial acreage zoned for multiple uses known as the Downtown Otis Business District! This property consists of a total of 184.8 acres. 2 rental houses, a barn with 19 stalls, dispensary, pizzeria, gas station, post office, Coffee shop is tenant owned (on land lease), fishing club, horse pasture, seasonal farmers market, grange hall, café (in process of rebuild from fire). Property has a gross income of $216,879 in 2022 with several long term tenants in place. Otis is located just a ten minute drive from the gorgeous central Oregon Coast with miles of Sandy beaches. Please do not disturb tenants, no showings without an acceptable offer.
Features of 1254 Salmon River Highway
| MLS® # | LC-98166 |
|---|---|
| Price | $2,250,000 |
| Bathrooms | 4.00 |
| Square Footage | 20,049 |
| Acres | 184.38 |
| Year Built | 1949 |
| Type | Commercial Sale |
| Status | Closed |
| Sold Price | $2,042,834 |
| Sold Date | June 5th, 2024 |
Community Information
| Address | 1254 Salmon River Highway |
|---|---|
| Subdivision | N/A |
| City | Otis |
| County | Lincoln |
| State | OR |
| Zip Code | 97368 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Water Available |
|---|---|
| Parking | Detached Garage |
| Is Waterfront | Yes |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Exterior
| Roof | Built-Up, Composition, Flat |
|---|---|
| Construction | Cedar |
| Foundation | Concrete Perimeter |
Additional Information
| Date Listed | March 3rd, 2023 |
|---|---|
| Zoning | C-1 Commercial |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Dennis M Regen |
|---|---|
| Office | Taylor & Taylor Realty Company |